Infosys' Q4 PAT seen down 2.6% at Rs 2310cr, QoQ: Angel
Angel Broking has come out with its earnings estimates on Infosys for March FY12. According to the research firm Infosys' Q4FY12 sales are likely to go down by 2.1% at Rs 9,100 crore, quarter on quarter, (QoQ) basis.
April 05, 2012 / 13:28 IST
Angel Broking has come out with its earnings estimates on Infosys for March FY12. According to the research firm Infosys' Q4FY12 sales are likely to go down by 2.1% at Rs 9,100 crore, quarter on quarter, (QoQ) basis.
The company's net profit is seen down 2.6% at Rs 2,310 crore, QoQ.During 3QFY2012, INR depreciated by ~12% against USD, which boosted earnings of IT companies; however, again in 4QFY2012, INR appreciated against USD by ~1.1% qoq, which is expected to negatively affect the operating as well as net income of IT companies. Profitability of tier-I companies such as TCS, Wipro and HCL Tech is expected to increase by 2.3%, 4.5% and 7.6% qoq, respectively, in 4QFY2012. For Infosys, profitability is expected to decline by 2.6%, as volumes are expected to be flat qoq.Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
